| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
262,734 | 148,688 | 162,196 | 139,951 | 118,407 | 85,783 | 45,262 | -13,808 | 10,257 | -107,445 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
8,143 | - | - | 6,061 | 6,216 | 5,215 | 5,229 | 5,278 | 5,336 | 6,551 |
Net foreign currency losses | |||||||||
1,251 | - | - | 3,666 | 1,552 | -1,934 | 952 | -953 | 2,167 | -3,227 |
Stock-based compensation | |||||||||
27,573 | - | - | 15,727 | 14,584 | 14,056 | 14,637 | 12,406 | 9,699 | 15,260 |
Deferred income taxes | |||||||||
-26,839 | 3,193 | -4,286 | 2,499 | 20,112 | 34,596 | 5,127 | -4,827 | -64,264 | -2,167 |
Provision for bad debts | |||||||||
645 | - | - | 260 | -513 | 1,793 | 489 | 22 | -2,755 | 585 |
Tax benefits from stock-based compensation | |||||||||
0 | - | - | 2,208 | 37,024 | -727 | -478 | - | - | - |
Write-down of investment | |||||||||
- | - | - | - | - | - | - | - | 600 | 0 |
Excess tax benefits from stock-based compensation | |||||||||
0 | - | - | 2,208 | 37,024 | 727 | 478 | 0 | 0 | - |
Other non-cash operating activities | |||||||||
-429 | - | - | -321 | -1,619 | -1,847 | -818 | 1,695 | -453 | -53 |
Changes in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
6,626 | 4,327 | 7,480 | -9,382 | -8,028 | 3,179 | 6,094 | 4,285 | -5,981 | -16,493 |
Contract assets | |||||||||
59,322 | 0 | 0 | - | - | - | - | - | - | - |
Contract costs | |||||||||
4,482 | 0 | 0 | - | - | - | - | - | - | - |
Unbilled services | |||||||||
- | - | - | - | - | -301 | 380 | -734 | 477 | 1,573 |
Prepaid expenses, prepaid income taxes, and other assets | |||||||||
2,411 | - | - | 6,106 | -4,232 | -947 | -3,827 | 3,918 | 773 | -8,905 |
Installment receivables | |||||||||
- | - | - | - | - | -13,607 | -39,419 | -57,003 | -72,752 | -92,450 |
Accounts payable, accrued expenses, income taxes payable and other liabilities | |||||||||
21,921 | - | - | -4,489 | 5,933 | 906 | -5,425 | -1,583 | -12,758 | -2,385 |
Deferred revenue | |||||||||
17,799 | 13,700 | 18,477 | -6,196 | 14,919 | 42,325 | 44,605 | 58,357 | 41,446 | 8,668 |
Net cash provided by operating activities | |||||||||
238,313 | 206,936 | 182,386 | 153,744 | 191,985 | 200,131 | 146,562 | 104,637 | 63,330 | 38,622 |
Cash flows from investing activities: | |||||||||
Purchases of marketable securities | |||||||||
0 | - | - | 0 | 50,065 | 68,356 | 97,597 | 0 | 0 | - |
Maturities of marketable securities | |||||||||
0 | - | - | 58,973 | 85,535 | 60,265 | 4,549 | 0 | 0 | - |
Purchases of property, equipment and leasehold improvements | |||||||||
436 | - | - | 3,483 | 7,645 | 4,011 | 4,507 | 4,241 | 2,839 | 2,652 |
Payments for business acquisitions, net of cash acquired | |||||||||
6,098 | - | - | 8,000 | - | - | - | 2,617 | 0 | 0 |
Payments for capitalized computer software costs | |||||||||
1,131 | - | - | 269 | 359 | 685 | 1,156 | 511 | 1,990 | 699 |
Net cash used in investing activities | |||||||||
-7,665 | - | - | 47,221 | 27,466 | -13,187 | -97,391 | -7,369 | -4,829 | -3,351 |
Cash flows from financing activities: | |||||||||
Issuance of shares of common stock | |||||||||
10,864 | - | - | 3,924 | 4,662 | 8,710 | 21,143 | 8,913 | 9,703 | 7,181 |
Proceeds from secured borrowings | |||||||||
- | - | - | - | - | - | - | 4,982 | 2,500 | 9,501 |
Repayments of secured borrowings | |||||||||
- | - | - | - | - | - | 11,010 | 44,892 | 32,051 | 44,342 |
Repurchases of common stock | |||||||||
299,214 | - | - | 178,604 | 297,246 | 121,776 | 84,677 | 46,105 | 10,531 | 0 |
Payments of tax withholding obligations related to restricted stock | |||||||||
14,477 | - | - | 4,480 | 5,699 | 7,831 | 7,705 | 4,597 | 3,885 | 4,040 |
Insurance proceeds | |||||||||
- | - | - | - | - | - | 2,222 | 0 | 0 | - |
Purchase of technology intangibles | |||||||||
- | - | - | - | - | 400 | 902 | 0 | 0 | - |
Deferred business acquisition payments | |||||||||
1,700 | - | - | 0 | 0 | 0 | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||
0 | - | - | 2,208 | 37,024 | 727 | 478 | 0 | 0 | - |
Proceeds from borrowings | |||||||||
50,000 | - | - | 140,000 | 0 | 0 | - | - | - | - |
Payments of debt issuance costs | |||||||||
0 | - | - | 1,707 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-254,527 | - | - | -38,659 | -261,259 | -120,170 | -81,771 | -81,699 | -34,264 | -31,700 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-360 | - | - | -219 | -1,469 | 320 | -210 | -312 | 803 | -839 |
Increase (decrease) in cash and cash equivalents | |||||||||
-24,239 | - | - | 162,087 | -43,277 | 67,094 | -32,810 | 15,257 | 25,040 | 2,732 |
Supplemental disclosure of non-cash activities: | |||||||||
Change in landlord improvement allowance included in leasehold improvements and deferred rent liability | |||||||||
- | - | - | - | 6,064 | 0 | - | - | - | - |
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses | |||||||||
104 | - | - | -825 | 675 | 0 | - | - | - | - |
Change in repurchases of common stock included in accounts payable and accrued expenses | |||||||||
786 | - | - | 1,462 | 1,098 | 0 | - | - | - | - |
Supplemental disclosure of cash flow information: | |||||||||
Income taxes paid, net | |||||||||
53,153 | - | - | 69,028 | 3,712 | 7,157 | 4,645 | 2,707 | -2,112 | 2,541 |
Interest paid | |||||||||
8,121 | - | - | 963 | 30 | 37 | 424 | 4,206 | 5,476 | 8,057 |
Accounting Standards Update 2014-09 (Topic 606) [Member] | |||||||||
Net income | |||||||||
- | 293,703 | 179,386 | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
- | 6,544 | 6,405 | - | - | - | - | - | - | - |
Net foreign currency (gains) losses | |||||||||
- | -980 | 1,036 | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||
- | 22,688 | 18,800 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
- | -110,308 | 5,273 | - | - | - | - | - | - | - |
Provision for bad debts | |||||||||
- | 1,418 | 199 | - | - | - | - | - | - | - |
Tax benefits from stock-based compensation | |||||||||
- | 0 | 5,965 | - | - | - | - | - | - | - |
Excess Tax Benefit from Share-based Compensation, Operating Activities | |||||||||
- | 0 | 5,965 | - | - | - | - | - | - | - |
Other non-cash operating activities | |||||||||
- | -421 | -602 | - | - | - | - | - | - | - |
Increase (Decrease) in Accounts Receivable | |||||||||
- | -846 | 8,164 | - | - | - | - | - | - | - |
Contract assets | |||||||||
- | -3,640 | 4,327 | - | - | - | - | - | - | - |
Contract costs | |||||||||
- | 617 | 203 | - | - | - | - | - | - | - |
Prepaid expenses, prepaid income taxes, and other assets | |||||||||
- | -3,821 | 2,421 | - | - | - | - | - | - | - |
Accounts payable, accrued expenses, income taxes payable and other liabilities | |||||||||
- | 1,156 | -9,070 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||
- | -17,356 | -3,058 | - | - | - | - | - | - | - |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | |||||||||
- | 206,936 | 182,386 | - | - | - | - | - | - | - |
Purchases of marketable securities | |||||||||
- | 0 | 683,748 | - | - | - | - | - | - | - |
Maturities of marketable securities | |||||||||
- | 0 | 686,346 | - | - | - | - | - | - | - |
Purchase of property, equipment and leasehold improvements | |||||||||
- | 331 | 2,720 | - | - | - | - | - | - | - |
Payments for business acquisitions, net of cash acquired | |||||||||
- | 33,700 | 36,171 | - | - | - | - | - | - | - |
Payments for capitalized computer software costs | |||||||||
- | 329 | 405 | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
- | -34,360 | -36,698 | - | - | - | - | - | - | - |
Proceeds from issuances of shares of common stock | |||||||||
- | 13,466 | 9,273 | - | - | - | - | - | - | - |
Repurchases of common stock | |||||||||
- | 205,049 | 371,491 | - | - | - | - | - | - | - |
Payments Related to Tax Withholding for Share-based Compensation | |||||||||
- | 7,896 | 5,764 | - | - | - | - | - | - | - |
Payments to Acquire Businesses, Gross | |||||||||
- | 8,649 | 0 | - | - | - | - | - | - | - |
Excess tax benefits from stock-based compensation | |||||||||
- | 0 | 5,965 | - | - | - | - | - | - | - |
Proceeds from credit agreement | |||||||||
- | 30,000 | 0 | - | - | - | - | - | - | - |
Payments of credit agreement issuance costs | |||||||||
- | 351 | 0 | - | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
- | -178,479 | -362,017 | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
- | 114 | -53 | - | - | - | - | - | - | - |
Decrease in cash and cash equivalents | |||||||||
- | -5,789 | -216,382 | - | - | - | - | - | - | - |
Change in purchases of property, equipment and leasehold improvements included in accounts payable and accrued expenses | |||||||||
- | -61 | -47 | - | - | - | - | - | - | - |
Change in repurchases of common stock included in accounts payable and accrued expenses | |||||||||
- | -5,049 | 3,509 | - | - | - | - | - | - | - |
Income tax paid, net | |||||||||
- | 50,557 | 65,536 | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | 5,038 | 3,444 | - | - | - | - | - | - | - |